Happy Sunday friends! Weekends are for getting after it let’s go!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Gold: $2334.70
Oil (WTI): $80.73
US 10Y Treasury: 4.257%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ is diligently working on some extremely important privacy tech, building what is essentially meant to be a middleware privacy/encryption layer designed to facilitate composable privacy solutions within the EVM itself... so that you can utilize all the same mechanisms and protocols on-chain you normally would, but with built-in privacy protection while you do so!
Our editor @rektdiomedes has been helping raise awareness about what the @silentdao_ team have been building, and their launch is coming soon, so make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are all quite red today. Top 50 chains down at least 10% on the weekly include Avalanche (#11), Starknet (#27), Kava (#32), Osmosis (#36), MultiversX (#42), and Filecoin (#49).
Protocols are mixed today. Top 100 protocols down at least 10% on the weekly include MarginFi (#58), MorpheusAI (#74), stUSDT (#76), Benqi (#78), Stargate (#85), and Orca (#96).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$SOL is down around 30% from recent high’s… still think its the best bet for the cycle anon??? Long or short it with leverage and access 40+ other perps and spots markets as well at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @reposwap. Twitter bio states “Revolutionizing DeFi Innovation with VC Module Launchpad Led by @QCPcapital || Featured on @ICOdrops... || $REPX Cross-Chain Swap #VC_Launchpad...” Followed by 3 of our mutuals. h/t @brave_raf:
-Something new called @Eonchainz. Twitter bio states “With D-Nano core, EON is the infrastructure layer for infinite computing power, designed for the blooming of on-chain AI…” Followed by 2 of our mutuals. h/t @brave_raf:
-New project called @dTRINITY_DeFi. Twitter bio states “Stablecoin liquidity protocol on Fraxtal (¤, ¤) | ... | Not financial advice. DYOR 🔍”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @LighthouseOne_. Twitter bio states “All your crypto and fiat assets in one, private terminal 🟧 Live soon. Terminally onchain people are welcome in DM for early tester access.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @CoinStats:
-Security alert re: @Sportsbetio, h/t @crypto_condom:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$BTC continues to wildly outperform alts, h/t @CryptoKoryo:
-ETH Mainnet gas fees seeing some unprecedented lows, h/t @Awawat_Trades and @knveth:
-Ticker headlines/alfa c/o @TheDeFinvestor:
-Great chart from @Schuldensuehner, showing current weighted average interest rate on US sovereign debt is only 3.2%, substantially below current interest rate levels, meaning debt servicing costs will continue to rise precipitously for US if rates remain unchanged:
-Another explanation for recent poor price action, h/t @WuBlockchain:
-Bull case(s) for $TON from @crypto_condom:
-Posts on Twitter from a self-declared Sybil farmer of the zkSync airdrop generated massive discussion over the last 24 hours:
-Stonks have now gone more than a year without experiencing a 2% daily move up or downwards:
-New giant schizothread from @concodanomics for our most die-hard macro fans:
-Ticker thoughts from @thedefivillain:
-Important indicator c/o @crypto_bobby:
-Weekly macro overview from Joseph Wang @FedGuy12:
-New crypto/macro discussion from @Blockworks_ featuring @qthomp:
-Parting wisdom c/o @degengambleh:
Conclusion
Happy Sunday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.